I am watching to see if the market can hold onto recent post-WASDE gains. In corn, the $4.00 mark serves as the first level of psychological support, and the market managed to hold it Monday and Tuesday of this week. Soybeans will be defending the $10.25 area, with last Friday’s low at $10.27 and a cluster of 50-, 100-, and 200-day moving averages between $10.23 and $10.26 providing additional support.
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